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Biotech / Medical : Biotech Valuation
CRSP 50.34+0.3%12:19 PM EST
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To: tuck who wrote (16921)5/24/2005 7:42:29 AM
From: rkrw  Read Replies (1) of 52153
 
Another connection is GILD, they get royalties on Macugen.

EYET had to be one of the most predictable shorts I've seen. Not only was it going to be difficult to meet expectations, but that lucentis data was going to knock it out was a poorly kept secret. Pfizer premium was at work here, the connection alone was seen as proof macugen was going to do $1B plus and dust the competition with ease.

This is the drug industry at its best, intense competition and consistently raising the bar.
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